EcoPayz is an electronic payment system operated by a UK-based company, PSI-Pay Ltd. It is widely accepted across the world, and you can find quite a lot of EcoPayz casinos in South Africa.
EcoPayz gives you the freedom to send and receive money online with little limitations on what currency you are sending to what country. The payment system operates with 45 currencies, allowing for multi-currency accounts that can hold up to 10 different currencies.
South African Rands make the list of available currencies. This means you can top up ecoPayz with Rands and save a bit on the currency exchange fees.
EcoPayz also offers to order a prepaid card that can be used at any Visa or Mastercard point of sale terminal. Unfortunately, South Africa doesn’t make it to the list of countries whose residents are allowed to use this service.
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How To Use ecoPayz At Online Casinos
EcoPayz is a really easy payment system to use. This chapter gives a brief synopsis of everything you have to know before using it.
You may want to consider getting your account verified first, but you don’t have to do that before making a deposit. Topping up and sending money to merchants is possible for unverified accounts, called Classic.
However, you can’t withdraw funds, or send more than 200 EUR at once, or 2,500 EUR in total. That means, when you have spent 2,500 EUR from your account you’ll have to either verify it, or abandon it.
Verification of your identity and address updates your account to Silver, allowing you to withdraw funds. Without that, ecoPayz can only be a deposit method for you.
However, you only have to send scans of two documents to the company to get verified, and it won’t take longer than two days. You can deposit with the Classic account.
You can use a credit card to top up ecoPayz, paying from 1.69% to 2.9% of the deposit amount as a service fee. If you can’t do that, you can use DusuPay to make a deposit. It will cost you a bit more, 3% of the sum.
From now on, the difficult part is over. All you have to do to pay with ecoPayz is to log into your account at one of the ecoPayz casinos, choose ecoPayz as a payment method, and enter the sum you want to deposit, and your ecoPayz login and password.
Withdrawal of the funds to your bank account will cost you a maximum of 170 ZAR.
Deposit and Withdraw
As a rule, you can use ecoPayz for deposits and withdrawals. Deposits are instant, but withdrawals may take up to 72 hours to process. Casinos have to make sure you’re not trying to fool them in any way before send you your winnings, and this can take some time.
The absolute minimum deposit in an ecoPayz casino is as low as R25. Depositing so little as your first deposit may not be the best choice, as you might be losing a lot of bonus money. However, the choice is yours.
You can start withdrawing funds from R500.
Countries Where ecoPayz Is Accepted
EcoPayz is widely accepted in European countries, and countries of EEA. Recently it has added some African states to the list of supported countries. South Africa is officially serviced by the payment system, but ecoPayz is not yet as widespread as it is in the EU.
You don’t have to pay a fee to an ecoPayz casino, when making a deposit. Transfering money to a merchant is free in this payment system. This makes ecoPayz stand out among the others, as generally online payments aren’t, and you have to pay a small fee.
Online Casino Software Providers That Accept ecoPayz
Microgaming ecoPayz casinos
Microgaming is a very diverse game manufacturer. It has been on the market for over two decades, but doesn’t stop the innovation going. It has titles with amazing graphics like Rainbrew, and titles that experiment with the gameplay like Hairy Fairies or Bowled Over. It can also show a bit of humor, like in Dawn of the Bread, that features a zombie working in a bakery.
If you are a more advanced player, try their high volatility slot Wild Scarabs. This Egypt-themed game is available at Zodiac Casino, Jackpot City and Ruby Fortune.
RTG ecoPayz casinos
RTG is quite the opposite of Microgaming. On the market for two decades as well, this game manufacturer has found a formula of a good slot and replicates it with considerable success. Despite the fact that its slots are rather similar in the gameplay, RealTime Gaming experiments with themes and manages to attract new players every day.
Cash Bandits was a big success among South African gamblers, and its sequel, Cash Bandits 2 was accepted well too. You can try them in Yebo, Thunderbolt, Springbok or Punt.
NetEnt ecoPayz casinos
Net Entertainment games are sought after by the world’s top performing casinos. They stay true to the formula of success, but are not afraid to experiment a bit with the gameplay. For instance, their Dazzle Me has 5 reels, but each reel has a different amount of rows.
If you’re a rock fan, you should try Guns’n’Roses slot, that plays songs of the band and has an ambient noise of the crowd on the background. Try it for free at CasinoHEX, or for real money at Ruby Fortune or Africasino.
BetSoft ecoPayz casino
BetSoft has a good collection of fruit slots, but that is not all. Common themes include the Wild West, traditional cultures and mystery. You can try giving Dr Jekyll and Mr Hyde, or Black Gold a spin for free at CasinoHEX, or play them for real money at Africasino.
If you are a more experienced player, try Good Girl Bad Girl, where you can chose between high and low volatility, picking different mascots.
Pros And Cons of Using ecoPayz in Online Casinos
Not sure if ecoPayz is right for you? Making the best choice is never easy. This summary of positive and negative sides of the platform will help you decide.
The main advantage of ecoPayz in comparison with the other platforms is that there are no fees that you have to pay on depositing in a casino. You do have to pay a 1.5% commission for transferring money to another private user, but paying a merchant is free of charge.
Since ecoPayz casinos are considered merchants, all of your money goes to the deposit itself, and none is lost in the form of commissions.
EcoPayz is easy to top up from South Africa. It has recently entered the market, and even if your credit card is declined for some reason, this payment system allows you to deposit using DuruPays. The total loss on fees won’t exceed 3% in any case.
You don’t have to verify your account in order to send payments. All it takes is registering and topping it up.
EcoPayz is very secure and easy to use. They have won cyber security awards two years in a row.
EcoPayz doesn’t have a lot of drawbacks, but here are some things that may make you consider another payment option as your choice.
You can’t withdraw without verifying your account. If you want to remain anonymous, you can only use ecoPayz as a payment method, as you won’t be able to get the money you won back to your bank account.
EcoPayz doesn’t accept credit cards as a withdrawal method. You can only withdraw to your bank account, paying a R170 fee.
EcoPayz is a reliable payment system, and easy to use in South Africa too. You don’t have to spend time learning how to top it up efficiently. However, if you prefer to withdraw your money to your credit card, it’s not the best choice for you.
A Brief History of ecoPayz
Maybe it wouldn’t be a big surprise but ecoPayz has an interesting history. Firstly, ecoPayz is formerly ecoCard. Surprisingly, EcoCard (ecoPayz) has been around for more than 20 years?
EcoCard was established in 2000. Similarly, it is one of the trusted digital wallet platforms used by various gambling sites in Russia, Europe, and the Middle East. For example, about 90% of online casinos in Russia and Europe use EcoCard. Meanwhile, in the Middle East, EcoCard is also widely used by top online casinos. Recently, the company rebranded and is gaining more popularity.
EcoCard (ecoPayz) can be referred to as a prepaid virtual debit card, and it’s the best for online casino players who want to control their spending. You can use an EcoCard at online casinos instead of using your credit card.
EcoCard (ecoPayz) is an online payment platform that issues cards that can be used for various offline and online transactions. EcoCard casinos are convenient and secure. Furthermore, this payment method was developed by PSI-Pay Ltd. The Financial Services Authority (FSA) of the UK regulates its activities. Although an online EcoCard casino may not seem popular like other online casinos South Africa, they offer similar or even better services on their sites.
Usually, the assumption is that unpopular payment methods are not secure and should not be trusted.
Consequently, EcoCard has gradually been adopted by the best real money casino gambling websites. Interestingly, EcoCard casino South Africa is gaining more popularity. Most times, online EcoCard casinos in SA also encourage their players to use EcoCard for money transfer. An EcoCard is used to withdraw funds at an ATM or wherever credit or debit cards are accepted. Various independent reviews confirm this fact.
The Current Situation with ecoPayz in South Africa
EcoPayz has entered the South African market and supports payments from this country. It may not be as widespread as the other e-payment systems, but using it has many benefits.
Alternatives to ecoPayz for Making Deposits at Online Casinos
Using your Visa or Mastercard instead of ecoPayz is a good alternative. You will save time on verification, and money on deposit and withdrawal fees. However, Mastercard is not accepted universally as a withdrawal method at SA casinos, so you’ll have to check that before choosing this payment method.
Making a bank transfer can be an alternative method of withdrawing funds from SA casinos, as you’ll have to withdraw money to the bank anyways, because ecoPayz doesn’t support credit card withdrawals. You won’t pay a much bigger sum. The difference in withdrawal fees will only be about R30. However, you’ll have to wait significantly longer for your withdrawal claim to be processed.
Skrill and Neteller are a common choice among South African gamblers. However, the obvious benefit is that ecoPayz doesn’t have a payment commission, whereas the others have it.
Safety of ecoPayz Gambling Transactions
This payment system takes pride in its level of security. In fact, they have won security awards two years in a row. With ecoPayz your transactions are completely safe.